Deputy Prime Minister Vuong Dinh Hue said that the economic growth in 2019 is certain to exceed 7 percent, which is much higher than the inflation rate of around 2.7 - 2.8 percent.
VOV.VN - A recent increase in the average retail electricity tariff along with rising world oil prices has allegedly resulted in a 0.49 per cent hike in the country’s consumer price index (CPI) in May.
VOV.VN - Vietnam’s inflation rate is predicted to average 3.5 per cent in 2019 but inch to 3.8 per cent in 2020, the Asian Development Bank (ADB) said in a report published on its website on April 3.
The inflation rate continued to rise in the month of November as a result of the increasing prices of fuel and tobacco products.
VOV.VN - The inflation rate in Vietnam for August quickened from that of July to 3.35%, according to a statement issued by the General Statistics Office.
A seminar on Vietnam’s economic and financial future, outlining opportunities and challenges in corporate financial management in Vietnam, with insights from experts in the field, was held on October 25 in Hanoi.
It is expected that large amounts of money will be pumped into circulation to obtain the ambitious target of 6.7% GDP growth rate. This has raised the fear that hot growth will bring high inflation back.
It will be difficult to control the inflation rate this year at under 5%, many experts said, pointing to the relatively high consumer price index (CPI) during the first half of 2016.
he foreign exchange market is still vulnerable to latent exogenous risks, especially crisis risks arising from emerging markets, said the Vietnam Institute for Economic and Policy Research (VEPR).
The US Federal Reserve (FED)’s decision to raise interest rates by 0.25 percentage points on early December 17 has not prompted the State Bank of Vietnam to change its policy on stabilising foreign exchange rates, experts said.
The slower pace of consumer price index (CPI) rises is favourable for stable business activities and gross domestic product (GDP) growth in 2015, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam.
Ho Chi Minh City saw strong results in total retail sales and service revenues while successfully curbing its inflation rate in the first quarter, figures which are likely to trigger economic growth in the city over the next few months, said the municipal People’s Committee at a late March meeting.
The Ministry of Industry and Trade has issued a new frame of the prices of electricity for family activities to be applied since March 16 in conforming to the recent approval of Prime Minister for the Electricity of Vietnam (EVN) to increase it by 7.5% this year.
(VOV) -In a keynote address to the 2014 WTO Public Forum, Ambassador Nguyen Trung Thanh, Vietnam’s permanent representative to the United Nations, encapsulated developments in the country’s movement to a full market economy.
(VOV) -Inflationary pressures in 2014 have remained low, reflecting both weak domestic demand and subdued commodity prices, according to economists at the Hong Kong and Shanghai Banking Corporation (HSBC).
(VOV) -Vietnam continues to benefit from strong international demand, despite soft domestic consumption, according to a recent report released by the Australia-New Zealand Banking Group (ANZ).
PetroVietnam has decided to temporarily halt its involvement in a US$1.8 billion oil exploration project in Venezuela.
The exchange rate between the Vietnamese dong (VND) against the US dollar (US$) will not increase more than 2% in 2014.
(VOV) -Seven out of 15 socio-economic development targets, set for the 2011-2015 period, were not fulfilled as scheduled in 2013, told an international seminar in Hanoi on September 23.
(VOV) -Vietnam could see lower growth rates due to tighter US monetary policy and a slowdown in China's growth, but currency devaluation, robust consumption and government spending will help protect growth rates.